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Tata Chemicals slips, Godrej Properties rises

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Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️


Options setup (Expiry: 22 June)

Nifty50 Max Call OI 18,800
Nifty50 Max Put OI 18,700
Max Pain 18,700
PCR 0.88
Bank Nifty Max Call OI 44,000
Bank Nifty Max Put OI 44,000
Max Pain 43,600
PCR 0.53

⭐ Tata Chemicals faces selling pressure
Shares of soda ash maker dropped 2.3% on Thursday. This comes after Tata Chemicals reportedly slashed soda ash prices by 3% to 4% in April amid an unexpected supply glut. Meanwhile, Tata Chemicals’ June futures contract’s open interest rose 25.6%, indicating a short build up.

⭐ Godrej Properties to acquire land
The realty player said that it will acquire a 7.44 acre land parcel in Kolkata for a luxury housing project. Against this backdrop, shares of Godrej Properties rose 4% and the open interest of its June futures contract decreased 7.0%, signalling a short covering.


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Categories: F&O